Redde Northgate Plc - Transaction in Own Shares

PR Newswire

31 May 2022

REDDE NORTHGATE PLC

(“Redde Northgate” or the “Group” or the “Company”)

Transaction in Own Shares

Redde Northgate plc (LSE:REDD) announces that on 30 May 2022 it purchased the following number of its own shares to be held in treasury:

Class of shares :  Ordinary shares of 50p (“shares”)
Number of shares purchased :  75,000
Weighted average purchase price paid :  379.9927 pence per share
Highest purchase price paid :  381.5 pence per share
Lowest purchase price paid :  377 pence per share

Following the above transaction, the Company’s issued share capital consists of 246,091,423 ordinary shares of 50p each, of which 3,659,210 ordinary shares are held in treasury, and 1,000,000 preference shares of 50p each which do not carry any rights to vote. Therefore the total number of voting rights in the Company is 242,432,213, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA´s Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018, the schedule below contains detailed information about the purchases made by Numis Securities Limited on behalf of the Company as part of the Company’s buyback programme.

Schedule of Purchases – Individual Transactions (all of 30 May 2022)

Number of shares
purchased
Transaction price
(GB pence per share)
Time of transaction Transaction reference number Venue
323 381.00  08:26:52 00059194203TRLO0 LSE
1000 381.00  08:54:27 00059195201TRLO0 LSE
365 381.00  08:56:18 00059195247TRLO0 LSE
1565 380.50  09:16:15 00059195894TRLO0 LSE
1354 380.50  09:16:15 00059195893TRLO0 LSE
102 380.50  09:16:15 00059195898TRLO0 LSE
490 380.50  09:16:15 00059195897TRLO0 LSE
400 380.50  09:16:15 00059195896TRLO0 LSE
927 380.50  09:16:15 00059195895TRLO0 LSE
1102 381.00  09:28:58 00059196462TRLO0 LSE
595 381.00  09:29:07 00059196466TRLO0 LSE
204 380.50  09:29:29 00059196484TRLO0 LSE
667 380.50  09:29:29 00059196487TRLO0 LSE
500 380.50  09:29:29 00059196486TRLO0 LSE
238 380.50  09:29:29 00059196485TRLO0 LSE
1225 381.00  09:36:29 00059196716TRLO0 LSE
1318 380.50  09:39:48 00059196929TRLO0 LSE
1593 380.00  09:39:50 00059196930TRLO0 LSE
221 379.50  09:44:02 00059197119TRLO0 LSE
500 379.50  09:44:02 00059197118TRLO0 LSE
119 379.50  09:44:02 00059197117TRLO0 LSE
500 379.50  09:44:02 00059197116TRLO0 LSE
371 379.50  09:44:02 00059197115TRLO0 LSE
191 380.00  09:44:02 00059197121TRLO0 LSE
2144 380.00  09:44:02 00059197120TRLO0 LSE
225 380.00  10:02:00 00059197822TRLO0 LSE
495 380.00  10:02:00 00059197821TRLO0 LSE
495 380.00  10:02:00 00059197820TRLO0 LSE
275 380.00  10:02:00 00059197819TRLO0 LSE
930 379.00  10:22:27 00059198700TRLO0 LSE
500 379.00  10:22:27 00059198699TRLO0 LSE
60 379.00  10:22:27 00059198701TRLO0 LSE
1312 379.00  10:41:58 00059199371TRLO0 LSE
67 379.00  10:55:58 00059199694TRLO0 LSE
386 379.00  10:55:58 00059199693TRLO0 LSE
29 379.00  10:55:58 00059199692TRLO0 LSE
1354 379.00  11:02:26 00059199852TRLO0 LSE
436 378.50  11:02:28 00059199854TRLO0 LSE
1132 378.50  11:02:28 00059199853TRLO0 LSE
322 377.50  11:41:49 00059200754TRLO0 LSE
500 377.50  11:41:49 00059200751TRLO0 LSE
500 377.50  11:41:49 00059200750TRLO0 LSE
102 377.50  11:41:49 00059200749TRLO0 LSE
1584 377.00  11:48:39 00059200915TRLO0 LSE
433 377.50  12:18:02 00059201802TRLO0 LSE
504 377.50  12:18:02 00059201801TRLO0 LSE
406 377.50  12:18:02 00059201800TRLO0 LSE
1502 377.00  12:49:02 00059202805TRLO0 LSE
147 379.50  13:43:26 00059204803TRLO0 LSE
500 379.50  13:44:18 00059204825TRLO0 LSE
1000 379.50  13:44:18 00059204824TRLO0 LSE
1000 379.50  13:44:18 00059204823TRLO0 LSE
992 379.50  13:44:18 00059204826TRLO0 LSE
205 380.00  13:44:18 00059204827TRLO0 LSE
2058 380.00  13:44:18 00059204828TRLO0 LSE
1372 380.00  13:44:18 00059204829TRLO0 LSE
501 380.00  13:53:42 00059205043TRLO0 LSE
890 380.00  13:53:42 00059205042TRLO0 LSE
1488 380.00  14:08:48 00059205537TRLO0 LSE
1551 380.00  14:08:48 00059205536TRLO0 LSE
645 380.00  14:08:48 00059205540TRLO0 LSE
400 380.00  14:08:48 00059205539TRLO0 LSE
336 379.50  14:32:51 00059206854TRLO0 LSE
500 379.50  14:32:51 00059206853TRLO0 LSE
575 379.50  14:32:51 00059206852TRLO0 LSE
253 379.50  14:32:51 00059206851TRLO0 LSE
1200 379.50  14:32:51 00059206850TRLO0 LSE
400 379.50  14:32:51 00059206856TRLO0 LSE
455 379.50  14:32:51 00059206855TRLO0 LSE
232 379.00  14:50:57 00059207774TRLO0 LSE
455 379.00  15:01:51 00059208385TRLO0 LSE
461 379.00  15:10:27 00059208729TRLO0 LSE
275 379.00  15:19:03 00059209134TRLO0 LSE
704 380.50  15:43:03 00059210330TRLO0 LSE
313 380.50  15:43:03 00059210331TRLO0 LSE
570 380.50  15:43:03 00059210332TRLO0 LSE
469 380.50  15:43:03 00059210334TRLO0 LSE
72 380.50  15:43:03 00059210335TRLO0 LSE
872 380.50  15:43:09 00059210349TRLO0 LSE
758 380.50  15:43:09 00059210348TRLO0 LSE
120 380.50  15:43:09 00059210347TRLO0 LSE
2806 380.50  15:43:09 00059210346TRLO0 LSE
500 380.50  15:43:09 00059210351TRLO0 LSE
500 380.50  15:43:09 00059210350TRLO0 LSE
469 381.00  15:43:09 00059210352TRLO0 LSE
1243 381.00  15:43:09 00059210353TRLO0 LSE
400 381.00  15:43:09 00059210354TRLO0 LSE
400 381.00  15:43:09 00059210355TRLO0 LSE
226 381.00  15:43:09 00059210356TRLO0 LSE
400 381.00  15:43:09 00059210358TRLO0 LSE
413 381.00  15:43:09 00059210359TRLO0 LSE
400 381.00  15:43:09 00059210362TRLO0 LSE
413 381.00  15:43:09 00059210363TRLO0 LSE
287 379.50  15:43:14 00059210373TRLO0 LSE
100 381.00  15:53:11 00059210960TRLO0 LSE
3435 381.00  15:53:11 00059210961TRLO0 LSE
1525 381.00  15:53:11 00059210962TRLO0 LSE
1293 380.50  15:55:30 00059211198TRLO0 LSE
124 380.50  15:55:30 00059211199TRLO0 LSE
1526 380.50  15:56:51 00059211271TRLO0 LSE
215 381.00  16:02:18 00059211857TRLO0 LSE
531 381.00  16:02:18 00059211858TRLO0 LSE
263 381.00  16:02:18 00059211859TRLO0 LSE
49 381.00  16:02:18 00059211860TRLO0 LSE
400 381.00  16:02:18 00059211861TRLO0 LSE
400 381.00  16:10:29 00059212540TRLO0 LSE
526 381.00  16:10:29 00059212541TRLO0 LSE
400 381.00  16:10:29 00059212542TRLO0 LSE
400 381.00  16:13:37 00059212817TRLO0 LSE
1457 381.00  16:14:38 00059212922TRLO0 LSE
400 381.50  16:20:24 00059213553TRLO0 LSE
167 381.50  16:20:24 00059213554TRLO0 LSE

Notes

This announcement is made in accordance with the requirements of Listing Rule 12.4.6.

For further information contact:

Buchanan                                                                                           

David Rydell/Jamie Hooper/Tilly Abraham                             44 (0) 207 466 5000

Notes to Editors:

Redde Northgate is the leading integrated mobility solutions platform providing services across the vehicle lifecycle. The Company offers integrated mobility solutions to businesses, fleet operators, insurers, OEMs and other customers across seven key areas: vehicle rental, vehicle data, accident management, vehicle repairs, fleet management, service and maintenance, vehicle ancillary services and vehicle sales.
 

The Company’s core purpose is to keep its customers mobile, whether through meeting their regular mobility needs or by servicing and supporting them when unforeseen events occur. With its considerable scale and reach, Redde Northgate’s mission is to offer a market-leading customer proposition and drive enhanced returns for shareholders by creating value through sustainable compounding growth.  The Group aims to achieve this through the delivery of its strategic framework of Focus, Drive and Broaden.

Redde Northgate services its customers through a network and diversified fleet of over 120,000 owned and leased vehicles, supporting over 600,000 managed vehicles, with more than 170 workshop, body shop and rental locations across the UK, Ireland and Spain and a specialist team of over 6,000 automotive services professionals.

Further information please visit the Company´s website:

www.reddenorthgate.com